We found 11 online brokers that are appropriate for Trading UK.
The recession period is not over yet. The economic crisis in the UK still exists, even though growth has been on record recently, following the Corona Pandemic. Times are hard, and the economy is not really doing as well as was assumed or talked about earlier.
What we usually see when we find the economy of a country growing is citizens becoming slightly more wealthy as the value of goods and services increases. This is measured by Gross Domestic Product (GDP).
However, the value of goods and services does not always increase. Sometimes a fall in value is seen. If this fall continues for three consecutive quarters, it is considered a recession.
In the first two quarters of this year, an economic crisis was noticed in the UK as the GDP dropped sharply. In fact, it was the worst recession in the country, since 2009.
Economic growth is always desired. It is good for everyone, as more jobs are created and companies become more profitable. Shareholders and employees are paid more than they were before, and the government gets more taxes that they can spend on public benefits. So, economic growth is always a good thing. If the economy shrinks or goes downward, these things are reversed.
After the first two quarters of economic crisis in the UK, the third quarter saw a growing economy. This technically means the recession is over. The growth in the July-September quarter was 15.5 percent. This would be something extraordinary, if the times were considered to be 'normal'.
However, the captured figure is between the economy shutting down during the beginning of the Corona Pandemic and reopening again in thesummer. Shops and restaurants have reopened after months of shutdown, and people have started going back to work, taking holidays, and as a whole, stepping out of their homes. They are spending money, but economic activity is not close to what was in 2019.
There is a difference, or gap, between last year's economic performance and where it is today. Even though the recession is considered to be over, the 9.7 percent economy is in fact smaller compared to 'pre-pandemic' times.
It should be carefully watched to see whether the country is entering into a recession phase again. The recovery in September has slowed down. And, it is believed that when the data is published in the public domain, the figure for the October to December quarter could reveal a falling GDP.
If the upcoming quarter also sees falling GDP, it can be said that the country is heading into a second recession, or a 'double-dip recession'.
Besides all this, the Bank of England is expecting growth in 2021, and recovery should be strong, if the vaccine is effective.
The UK economy is doing worse than most of the other major economies in the world. The economy here has decreased 9.7 percent as compared to the pre-Corona Pandemic. In the United States, this figure is 3.5 percent. In France, Germany, and Spain the figure is 4.1 percent, 4.2 percent, and 9.1 percent respectively.
A forecast of the 'International Monetary Fund' reveals that the global economy may shrink by 4.4 percent this year. About three months ago, that figure was higher.
Some lose jobs, some suffer no promotions, and some see no pay raise. Finding a first job becomes harder for graduates. Inequality increases because the pain is not equally felt across society.
The 2008 recession lasted for five quarters, and the fall of GDP was about 7.2 percent over that period. There was a rise in unemployment and a massive deficit was seen. The government raised taxes, but spending on public services was reduced. The national debt was almost doubled, and there were cuts in government spending across various segments.
A vaccine can pave the way to recovery. This will possibly be the biggest boost to the economy. Meanwhile, governments are trying to protect jobs and support businesses by borrowing funds to pay for schemes.
Is the recession period over, or is the UK heading towards a second recession? These questions are well-argued as, after a slight recovery, the economy has again slowed down.
Shops and restaurants have reopened. People have started stepping out of their homes. Spending has increased. These are some signs showing that the country has overcome the recession period. The Bank of England is expecting further growth in the first quarter of 2021.
In this article, titled 'Economic Crisis UK', we discussed several aspects of the UK economy. It is hoped that the country is not getting engulfed in another recession. Moreover, let us hope that the vaccine is effective and the Coronavirus will eventually get under control.
We've collected thousands of datapoints and written a guide to help you find the best Economic Crisis UK for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best UK brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online UK trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top UK Brokers.
Compare UK Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are UK brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK brokers that accept UK clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with avatrade |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare UK Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top UK Brokers for 2021 article further below. You can see it now by clicking here
We have listed top UK brokers below.